Warning - APEX Capital allows brokers to rob truckers

A claim and freight charges are two different things. Some may ignore it but FMCSA(thru old ICC)regs require freight charges to be paid regardless of any claim. Those charges become part of the claim.

 

It can sometimes take weeks to settle insurance claims.

 

Again sometimes I believe I am really slow....

First is Apex a recourse, or non recourse company?

You have CARGO Insurance through Gramercy up to $100,000

TQL files a $30,000 claim

Your insurance company refuses to pay this claim to TQL (certificate holder)

Unless we are missing some information 1. Apex shouldnt be involved at this point 2. Gramercy shouldn't offer CARGO insurance and should have sent cancelation notices to all of your certificate holders

you need an attorney if we have all the information... File claim on TQL bond, Sue Apex for breach of contract, and sue Gramercy for not providing services paid for (whatever thats called)

 

Are they denying cargo under driver error? How much is the claim? You should have salvage value on what was damaged.Apex has nothing to do with a cargo claim,they paid you and now they want to be paid. Even if you file against TQL you would have to get it into federal,state will go with the contract.

 

Factoring is under the state,not federal. Even though TQL's contract would not hold up in federal it would in state. That's what Apex has to go with. Just because they hold out for a claim doesn't affect their credit.

 

For some strange reason I think that Apex agrees with TQL. Don't be upset that they "don't have your back" you should have seen that coming, they are not going to stop doing business with one of the largest brokers to satisfy you, and other companies will continue to do business with both. Pay Apex back, change insurance companies, and try to recoup your money from Gramercy. Why not pay 10k to get 30k?

 

Who is dealing with the owner of the damaged product? I hope not TQL. If the insurance won't cover it then you should be dealing with them. Get a written claim amount from them. If it's less than TQL owes they will pay the difference to you when it's closed.